The Future of Development Assistance

Frontiers in Development - June 13, 2012

The Honorable John Kufuor, Former President of the Republic of Ghana; Former Chairperson of the African Union

Chris Policinski, President and CEO of Land O’Lakes

Paul Collier, Director of the Centre for the Study of African Economies at Oxford University

Steve Radelet, Chief Economist, USAID

An interconnected global economy has increasingly provided new sources of development funding from a diverse range of actors, resulting in a proliferation of new donors, in addition to increased private investment, remittances, and philanthropy. Given this continually changing development landscape, how will the role of official assistance have to change as its relative contribution of resources shrinks? What will be the role of emerging donors, and how can traditional donors best engage them? On what basis should the effectiveness of partnerships be determined, and how can private trade and investment best be catalyzed towards mutually beneficial development goals? How can the significant financial and intellectual resources associated with remittances and migrant flows be harnessed for development?